This whole thing seems to have happened so fast it's still a blur.I do not want to over leverage and lose assets, so I have been conservative.   

I'd like to start conservative and see how that goes, then possibly grow from there.

CON: tenants will use utilities as if they are free and not conserve.

I will give an example of the rough numbers below as we believe with our own very big incomes in Australia and the rental returns we could pay off the mortgage in full in 5 years (hoping) 6-9 years (conservative)Current money saved $81,100 AUD (0.63) E(euro) 51,093 Property price E 270,000 , mortgage E 220,000rental monthly income E 1,700 (conservative)Currently saving per month $6,000 AUD = E 3,780Could potentially pay E 65,700 per annum off of mortgage.We know banks don't work like this.

- And, you'd also have to be doing much yourself which is better at this point for you.In general, at least in my market I'm in a bit of 'hunker down' type of conservative mode. 

Being conservative we can get $2000 gross rent, although the property manager said likely more.    

Unless you have the actual financial data to back your analysis you would be better served staying conservative using something closer to the 50% rule for expenses.It could be a possible deal if you could have a lower Purchase price and/or room to raise rents.

Howdy @Jason HowellI strongly recommend you stick to using the 50% rule for expenses so you stay conservative with your analysis.  

The range of monthly rent for a property like mine I would say conservatively $2600.

Learn to underwrite/analyze it conservatively and you'll be ok.